Srikanth (Sri) Nagarajan Email and Phone Number

Berunda Capital Management offers Quantitative Asset Allocation (QAA) and value based investment strategies to global investors. Our analyst team and myself have been working diligently over the past few years to design quantitative, yet customized strategies, focusing on value, to manage capital for a variety of investors. Our goal is to mimic large scaleable institutional investment styles with agility/liquidity across multiple asset classes. This resulted in the creation of Berunda Capital Management in the second half of 2018. We are a registered investment advisor. Leadership:• Solely manage clients’ multi-asset portfolios, and reporting to the advisory board for 3+ years• Work with team and board to lead investment strategy, portfolio optimization, due diligence and monitoring of portfolio risk and performance for all asset classes• Prepare reports and present materials for timely communication of changing investment views to advisory board, HNW investors, and social media• Mentor, train and professionally develop analyst team consisting of MBAs (CFA aspirants) working on US macroeconomic scenarios as well as asset class returns and volatilities for firm’s asset allocation processes• Engage team members in investment committee meetings performing both top-down equity index forecasting cross-sectional equity returns with over 200 anomalies as well as individual stock or asset due diligence and support• Monitor and rebalance client portfolios and engage with team and advisory board on portfolio performance, optimization, depending on individual client objectives and views• Outstanding track record and direct accountability for portfolio performance: Global QAA strategy has handily beat ACWI returns in 2020-22• Help analyst team develop and communicate analyses of individual stocks, industry/sector overviews across a variety of industries from mining, healthcare, technology and real estate in the US equity markets

Lead a team of analysts who provide research and analytical support for equities, fixed income and real estate for a variety of sell and buy-side firms. We also serve as the sole support firm for Berunda Capital Management. Our KPO skills help perform rigorous quantitative, econometric analyses for a variety of industries/sectors.Manage, train and mentoring the professional development of analyst team members. Assist colleagues in quantitative and fundamental techniques for equity research and management.Technical projects:Developed Equity duration model: ranking stocks based on interest rate risk• Incorporated Campbell-Shiller dynamic VAR model for dividend yields• Performed Speculative Bubbles tests in R, based on momentum threshold autoregression (MTAR) and Residuals-Augmented DF• Sensitivity of real estate returns to macro-economic factors• VECM of housing prices and rents with owner-renter stock and exogenous variables• VAR model using ETI and Employment data for predicting US jobs• Forecast transaction capitalization rates using the fixed income market conditions• Developed time series (co-integration) models to predict office rents, vacancies

Extensively covered a variety of companies within the US equity REIT sector and help manage the US equity team within the Equity Research department. Developed a comprehensive quantitative investment/valuation framework for stocks using macro-economic as well as real estate data.

Senior Research Analyst, US Public Real EstateCovered a variety of companies. conducted due diligence, led investor meetings with company management. Coverage was in the US equity REIT commercial and residential sectors to inform investors of the overall sector valuations as well as individual company stock recommendations.

Senior Investment Analyst on the buy-side covering the office, industrial as well as the apartment sectors at the largest REIT fund. Also created econometric and rent predicting models for equities and real estate using commercial and publicly available data.Tehnical:• Senior investment analyst in US team of seven analysts/associates supporting multiple portfolio managers• Long only analyst portfolio within coverage universe beat benchmark by 200 bps including 2008-9 crisis• Developed a differentiated quantitative approach to stock recommendations based on macro-economic and transaction data forecasts of capitalization rates• Forecasting property values real time under varying macro-economic conditions and monetary policy measures• Capitalization Rate forecasts for multiple property types using macro-economic, Costar, Real Capital Analytics and ICSC data

Was part of a wonderful equity research team that permitted me to thrive as a senior member. Able to implement a variety of academic based quantitative forecasting for equity markets and real estate at RBC

First experience after business school. Was a real learning experience about Wall Street. Learnt a lot about real-world valuation and worked with a great team of senior analysts and associates in both healthcare, valuation and real estate

Led a team of highly qualified Ph.D analysts implementing statistical forecasting, econometric and optimization models for airline profitability worldwide. Was also in charge of researching and solving a new Fleet Assignment Optimization Model that was a NP-hard problem, which was subsequently commercialized.Technical:Managed team of nine Ph.D. and M.S. consultants in development and execution of projects for strategic airline operations• Fast track promotion to senior manager position. Instrumental in managing six successful US/Europe & Asia forecasting projects worth over 18 million dollars.• Large-scale airline and highway traffic data segmentation using cluster analyses • Developed maximum likelihood methods for multiple nested logistic regression for market share models • Developed Bayesian statistical techniques in SAS/MATLAB for detecting shifts or changes in stochastic processes• Ranked hazardous intersections in wet weather using SAS (Bayesian analysis) to overcome regression-to-the-mean and counter-measure effects• New Bender’s decomposition approach (non-linear mixed integer programming) for stochastic fleet optimization in C++/CPLEX• Developed heuristics/decision tree approaches to solve mixed-integer airline scheduling problem in CPLEX• Heuristics to solve stable room-mates problem.